https://www.taxtmi.com/caselaws?id=436754 The Supreme Court dismissed a Public Interest Litigation (PIL) regarding the Insolvency and Bankruptcy Code, 2016, filed in the High Court. The Special Leave Petition (SLP) against the dismissal was rejected, prompting a review application by Respondent No. 1. The Court emphasized seeking relief from the High Court, ultimately dismissing the SLP. The Court acknowledged the review application and subsequent clarifications, highlighting their significance. Despite a pending appeal before the National Company Law Appellate Tribunal (NCLAT), the Court declined to interfere, stating the NCLAT should independently assess the appeal's merits. The appeal was dismissed, ensuring all parties could present their defenses. en-us Fri, 27 Jan 2023 00:00:00 +0530 Thu, 20 Apr 2023 08:46:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436754 The Supreme Court dismissed a Public Interest Litigation (PIL) regarding the Insolvency and Bankruptcy Code, 2016, filed in the High Court. The Special Leave Petition (SLP) against the dismissal was rejected, prompting a review application by Respondent No. 1. The Court emphasized seeking relief from the High Court, ultimately dismissing the SLP. The Court acknowledged the review application and subsequent clarifications, highlighting their significance. Despite a pending appeal before the National Company Law Appellate Tribunal (NCLAT), the Court declined to interfere, stating the NCLAT should independently assess the appeal's merits. The appeal was dismissed, ensuring all parties could present their defenses. Case-Laws Insolvency and Bankruptcy Fri, 27 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436754